EXNESS - Analytics

    EXNESS

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    GOLD: under pressure before the US Federal Reserve decision on interest rates

    Buy on a level breakthrough of 1289 with 1303 target. Stop loss = 1279.

    Reason for the trading strategy

    Market participants do not doubt that today the US Federal Reserve will keep its benchmark interest rate unchanged at 0.5%. The regulator's forecasts on the interest rate rise for 2016-2018 will be of interest. According to our estimates, the federal funds rate will rise to 1% by the end of this year. The American regulator's soft rhetoric is likely to allow the gold prices to test the level of 1303 dollars once again.

     

    GOLD, H4

     


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